Ethical Businesses Vs Unethical Businesses Research Paper

Ethical Businesses Vs Unethical Businesses - Research Paper Example adership in depth and provides examples of how ethical and unethical behaviours of leaders persist in today’s globally diverse business environment. Increasing business competition, globalization, immigrations and technological advancements have changed the course of business. The way of conducting and managing businesses has been changed dramatically. It has become vital to understand the change required, incorporate it in the plans of business and efficiently implement the change needed. However, the idea of change and maintenance of loyalty among stakeholders is a very complex and complicated task. The increasing diversification around the globe has changed the communication, management and leadership techniques to continue with their effects. Business owners are now required to keep in view the needs of the diverse workforce, customers, suppliers and other stakeholders. Business management and leadership has become a more complex phenomenon to deal with. More ethical and moral concerns are rising with the advancements and changes in business environment. Researchers are taking greater interest than ever in understanding the ethical issues that are continuously increasing. Ethical crisis has been taking more attention than ever knowing its devastating effects not only on the employees but also on customer behaviours, government perceptions and overall performance of businesses. It is important to understand the concept of ethical crisis and its factors in order to resolve or reduce the threats it brings. Where did ethical crisis come from? Who can resolve the issue arising from it? How? What is the public opinion about leaders? How is it affecting businesses? Can leaders help making the situation better? What are some current examples of ethical business operations and decisions made by leaders? The aim of this paper is to answer these questions and include all possible factors to understand the value of ethics in business. The paper also aims to understand

Music in People's Life Essay Example | Topics and Well Written Essays - 1250 words

Music in People's Life - Essay Example VTI Ltd is generally into business that focuses on the active followers of music who normally make purchases of music records. Ironically, the fact that a person is an active follower of music does not guarantee that the person will be dogmatised to whatever a music company presents it with (Armenakis, Harris, & Mossholder, 2003). Mostly, these music consumers want dynamism and diversity in the way their businesses deal with it. It is for this reason that the all new form of music record trading, which is the online sale of music has become embraced by most lovers of music. There is no denying the fact that online sales make access to music easier and less expensive. There is also a lot of fun when it comes to how interactive and interesting the act of making purchases online can be. Due to this situation, a lot more consumers of music would be more comfortable doing business with companies that guarantee them these variables of services. The need for change at VTI Ltd. Change is not something that a lot of people embrace easily in organizational management and set up. This is because in most cases, people feel very comfortable with the systems they have been associated with and with feel that trying their hands on new ideas, programmes and systems would bring about an entire change in the organisational culture, which would in turn affect the way business is conducted within the organisation (Osborne & Brown, 2005). But as much as it is true that changes in key policies, programmes and systems could lead to changes in organisational culture, it is also true to argue that changes are generally needed when there is the need for a pragmatic reformation aimed at growth and development (Grundy, 1993). In the current case of VTI Ltd, the only justification for change is that revenues are falling and the company has not made any profits in the past four years. Clearly, any organisation that becomes plagued with such a situation must first look out for a course of cha nge to ensure that wrongs are corrected and the direction and focus of the organisation is placed in line with demand trend on the market (Hirschhorn, 2000). There is also the need for change because customers have changed their consumer behaviour towards the company. Yet again, O’Toole (2005) notes that when consumer behaviour changes towards an organisation, its revenues may either go up or down. But in this case, revenues are going down. Causes of change at VTI Ltd. There could be two major paradigms of causes of change for VTI Ltd, which are internal and external. Largely though, it can be said that the internal changes are quiet dependent on the external changes. This is said because it is realised from the case that the major cause of change is changes in consumer behaviour, which is quite an external phenomenon (Batt, 2002). There is also an external cause of competition, whereby the company is seen not to be proactively surviving the competition it is reaching from ke y competitors. In a situation where there is lack of competition, revenues will fall because competitors win over the available customers of a company (Baum & Rowley, 2005). Even more, changes in business orientation, which is also an external factor, could be counted as being responsible for the change. By this, reference is being made to how the music sales industry has adopted itself to a more technology based way of doing business, where electronic commerce has become the order of the day. Generally, these external factors have led up to internal causes such as organisational conflicts and struggle, which is seen between management and employees, and lack of employee satisfaction, arising from